Dalio's $100M Bitcoin Bet: Is It Time to Rebalance Your Portfolio?
Hedge fund manager Ray Dalio has allocated 1% of his portfolio to Bitcoin. This decision was made in an effort to protect the value of his portfolio, according to Dalio.
Dalio believes that Bitcoin's inherent scarcity could make it a long-term store of value, similar to gold. The total lifetime supply of Bitcoin is capped at 21 million coins, with 20 million already in circulation.
BlackRock recommends a 1-2% portfolio allocation to Bitcoin for risk-averse investors. However, getting the right allocation can be tricky, and some experts suggest that a higher percentage, such as 19.4%, may make sense for certain investors.